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campaigning in 2012. the negative campaigning has been to attack, attack and attack mitt romney for bain capital, for being a plutocrat, for for being rich, for being out of touch. all these things that they are accusing rightly or wrongly mitt romney for. so a very negative campaign and a very unusual one or for david axlerod to run. >> host: you write, edward klein, that what is invariably true about our president is that the most successful ones grow in office. can the same be said of barack obama? has he learned from his mistakes? the answer to these questions will strike many readers of this book as all too clear. i can just hear them chanting in unison: no, no, no. >> guest: well, look at john f. kennedy who came to the oval office truly unprepared to be president and made many mistakes in the first, first year or more including the bay of pigs and other mistakes that he made. it is now generally conceded that kennedy by the time he was assassinated had grown in office considerably and understood how to deal with the military, how to deal with congress, how to deal with, um, confli
romney was talking about last year with the 47%. if the tax rates increase you all of a sudden have more people paying income taxes and you just have a broader, higher rate to play with. next year when they come back they can get rid of some of the duck -ts and what not and lower the rates and overall have a lot more money in the system to play with, a lot more options. they think they are better shape for tax reform if they come back next year with the rates having gone up. >> reporter: and by not allowing the president to just add nah see um raise the debt level, they have leverage, don't they? >> they believe so. and the president -- it's safe to say the president realizes that, because he's been insistent throughout that he won't deal with another debt level gamesmanship as he calls it from the last time around. he understands that republicans set a precedent last time when they said every one of these debt level increases has to be matched with real action, spending cuts and other ways to reduce the deficit, that is exactly the fight we are fashion. he doesn't want to have that. rep
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